Moelis & Company is an independent investment bank. It offers clients, including corporations, governments & financial sponsors advisory services in mergers and acquisitions, recapitalizations and restructuring and other corporate finance matters.

Moelis & Company as incorporated in Delaware on January 9, 2014. It is an independent investment bank. The Company provides strategic and financial advice to a diverse client base, including corporations, governments and financial sponsors. The Company's activities as an investment banking advisory firm constitute a single business segment offering clients, including corporations, governments and financial sponsors, a range of advisory services with expertise across all mainstream industries in mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters. The Company offers loans, deposit taking and insurance to brokerage and trading. The Company's competitors in securing advisory engagements include the investment banking businesses of Bank of America Corporation, Citigroup Inc., Credit Suisse Group AG, The Goldman Sachs Group, Inc., JPMorgan Chase & Co., Morgan Stanley and independent investment banking firms such as Evercore Partners Inc., Greenhill & Co., Inc., Houlihan Lokey, Inc., Lazard Ltd, NM Rothschild & Sons Limited, PJT Partners, Inc. The Company is subject to regulation in the U.S. by the Financial Industry Regulatory Authority, Inc. ("FINRA").

Guru Investment Theses on Moelis & Co

Baron Funds Comments on Moelis & Company - Aug 18, 2015

Ken Moelis, the preeminent investment banker with a storied career at numerous bulge-bracket firms, believed he could create a better banking structure. Investment banking is an industry that is heavily reliant on attracting and retaining quality people who can source and close deals. Ken recognized an opportunity to form his own boutique investment bank, Moelis & Company (NYSE:MC), during the depths of the financial crisis. The financial recession significantly lowered deferred compensation of target employees who were attracted to Ken’s idea of building a premier boutique investment bank. Recognizing inherent flaws in the bulge-bracket banks that have dominated the industry, Ken created a bank void of conflicts of interest, reducing regulatory focus. Without sales, trading and lending, Moelis can focus solely on advisory services and earn the coveted “seats at the table” from management and boards who value their advice. Without the business lines that create conflicts, Moelis’ employees, in our opinion, are properly incented to deliver for their clients.

Investment banking is an undeniably cyclical and lumpy industry. There is little consistent year to year recurring revenue in these businesses. However, there is the opportunity to build loyalty over the long term with clients by providing unbiased advice. Moelis provides such advice. Further, Moelis is well positioned in the current environment to take advantage of increased acquisition activity. Companies are finding organic growth difficult and major acquisitions are supplementing stagnant outlooks. Financial sponsors are also increasing their activity due to the ease of raising funds and low interest rates to execute leveraged deals. Additionally, shareholders and management teams of target firms have been increasingly willing to sell their companies due to improved multiples and profitability. Not only do we feel the mergers and acquisitions environment is poised for growth, but we believe that Moelis should continue to win share amongst its rivals. (Michael Baron)

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